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'''Facts''': Plaintiff and Defendant entered into a contract. Defendant was to do deliver sugar to Basra, Iraq. Defendant delayed in delivering sugar, which is highly susceptible to the market price. The price fell before delivery. '''Issue''': Should the defendant be liable for damages due to the lower price? How foreseeable was that damage '''Holding''': The defendant is liable. '''Reasons''': It is a foreseeable market condition that sugar prices would fall *Foreseeability: **Must have substantial possibility within contemplation **2% chance of a circumstance occurring is not compensable -- 25% chance is [[Category:Cases:Contracts]]
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